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This book analyzes shifting international taxation strategies in pursuit of tax nomads, individuals and companies who minimize their tax obligations among multiple countries. Focusing on the efforts of the United States, the collective endeavours of the European Union and the global initiative of the OECD under G20 guidance, it investigates their attempts to understand and control the mechanisms employed by such nomads. The author directs particular attention to intellectual property, used by multinational corporations to move income from high-tax to low-tax locations. Contrary to claims that globalization hinders tax collection, Vlcek argues that state sovereignty and state power remain the defining characteristic of international taxation. The EU and OECD in turn, he concludes, are leveraging cooperation with the US to force other countries to share taxpayer information with them. This significant work will interest economists, political scientists and tax experts.
List of contents
Chapter 1. Globalization and the tax nomad.- Chapter 2.- Sovereignty and the tax nomad.- Chapter 3. Multinational corporations and the digital economy.- Chapter 4. A collective response to the tax nomad.- Chapter 5. A hegemonic response to the tax nomad - using a financial 'big stick'.- Chapter 6. Global tax governance and the tax nomad.- Chapter 7. Tax nomads versus the State.
About the author
William Vlcek is Lecturer in International Relations at the University of St Andrews, UK, where he teaches international political economy. He investigates questions of global financial governance involving the offshore with particular attention on issues of international taxation, money laundering and terrorist finance.
Summary
This book analyzes shifting international taxation strategies in pursuit of tax nomads, individuals and companies who minimize their tax obligations among multiple countries. Focusing on the efforts of the United States, the collective endeavours of the European Union and the global initiative of the OECD under G20 guidance, it investigates their attempts to understand and control the mechanisms employed by such nomads. The author directs particular attention to intellectual property, used by multinational corporations to move income from high-tax to low-tax locations. Contrary to claims that globalization hinders tax collection, Vlcek argues that state sovereignty and state power remain the defining characteristic of international taxation. The EU and OECD in turn, he concludes, are leveraging cooperation with the US to force other countries to share taxpayer information with them. This significant work will interest economists, political scientists and tax experts.
